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This Week's Cryptocurrency Summit Focus: Trump Administration Proposes Zero Capital Gains Tax Policy on Cryptocurrency Sales
According to reports, the Trump administration is set to unveil a significant policy at the cryptocurrency summit on March 7 (this Friday), proposing to implement zero capital gains tax on cryptocurrency sales. In simple terms, profits from cryptocurrency sales would be exempt from capital gains tax!
This news was revealed by Mike Alfred, founder of the digital asset investment platform Eaglebrook Advisors, on social media platform X, attracting widespread attention from the market.
Potential advantages and main objectives of the new policy
If the new policy is implemented, it will exempt US citizens from capital gains tax when selling cryptocurrencies, replacing the current tax policy, which imposes a maximum of 37% for short-term holders and up to 20% for long-term holders. This move is expected to significantly reduce transaction costs, thereby enhancing market vitality and investment attractiveness.
This news was revealed by Mike Alfred, founder of the digital asset investment platform Eaglebrook Advisors, on social media platform X, attracting widespread attention from the market.
Potential advantages and main objectives of the new policy
If the new policy is implemented, it will exempt US citizens from capital gains tax when selling cryptocurrencies, replacing the current tax policy, which imposes a maximum of 37% for short-term holders and up to 20% for long-term holders. This move is expected to significantly reduce transaction costs, thereby enhancing market vitality and investment attractiveness.
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